08-07-2025
Brookfield-Backed Venture Unit Starts Credit Fund, Seeking $800 Million
Pinegrove Capital Partners, a manager of venture funds that's backed by Brookfield Asset Management, is raising money for a new credit fund, according to people familiar with the matter.
The firm is targeting about $800 million in investor commitments, said the people, who asked not to be identified because the matter is still private. The fund, called Innovation Credit Growth Fund X, will shoot for net returns between 13% and 17%, with a focus on senior secured venture debt to high-quality, VC-backed companies, they said.
